Milan – Generali Real Estate has successfully completed the acquisition of ‘Cortile della Seta’, in the Brera district in Milan.
The deal – carried out through the purchase of 100% of the units in ‘Sericon Investment Fund – Reserved Alternative Real Estate Investment Fund’, managed by Savills Investment Management SGR, sold by a fund advised by JP Morgan Asset Management - has been completed on behalf of two co-investors, with a 50% stake each: the pan-European fund ‘Generali Europe Income Holding’ (GEIH) subscribed by Generali Group companies, and a real estate fund subscribed by Poste Vita S.p.A., both managed by Generali Real Estate S.p.A. Società di gestione del risparmio.
Read the full press release
